The stock has been consolidating sideways since September last year. The 5 per cent rise on Wednesday gives an early sign of a bullish breakout. It also indicates that the broader uptrend could be resuming. Immediate support is at ₹273. Below that, ₹268-266 will be the next important support zone.

Intermediate dips are likely to get fresh buyers in the market and limit the downside. Godawari Power & Ispat share price can rise to ₹305-310 in the coming weeks. Traders can buy Godawari Power & Ispat shares now at ₹277. Accumulate on dips at ₹273. Keep the stop-loss at ₹262 initially.

Trail the stop-loss up to ₹281 as soon as the stock goes up to ₹287. Revise the stop-loss higher to ₹289 and ₹296 when the share price touches ₹294 and ₹300 respectively. Exit the long positions at ₹305.

Video Credit: Businessline

Note: The recommendations are based on technical analysis. There is risk of loss in trading

Published on March 27, 2026